EFG International AG Buys Shares of 23,033 Highwoods Properties, Inc. $HIW

EFG International AG purchased a new position in shares of Highwoods Properties, Inc. (NYSE:HIW) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 23,033 shares of the real estate investment trust’s stock, valued at approximately $695,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada raised its position in Highwoods Properties by 12.7% during the first quarter. Royal Bank of Canada now owns 177,942 shares of the real estate investment trust’s stock valued at $5,275,000 after purchasing an additional 19,998 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Highwoods Properties by 15.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 822,655 shares of the real estate investment trust’s stock valued at $24,383,000 after purchasing an additional 110,489 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Highwoods Properties by 10.4% in the 1st quarter. Empowered Funds LLC now owns 13,243 shares of the real estate investment trust’s stock valued at $393,000 after purchasing an additional 1,248 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Highwoods Properties by 292.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,680 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 1,252 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Highwoods Properties by 9.4% in the 2nd quarter. Cetera Investment Advisers now owns 17,846 shares of the real estate investment trust’s stock valued at $555,000 after purchasing an additional 1,534 shares during the last quarter. Institutional investors own 96.31% of the company’s stock.

Highwoods Properties Stock Down 0.3%

Shares of NYSE:HIW opened at $31.41 on Friday. Highwoods Properties, Inc. has a 52-week low of $20.45 and a 52-week high of $35.44. The company has a market capitalization of $3.46 billion, a PE ratio of 20.66 and a beta of 1.05. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.68 and a current ratio of 1.68. The company has a fifty day moving average of $31.72 and a 200-day moving average of $26.83.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). The firm had revenue of $216.38 million for the quarter, compared to analyst estimates of $212.15 million. Highwoods Properties had a net margin of 20.74% and a return on equity of 7.06%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business earned $0.89 EPS. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. On average, equities analysts predict that Highwoods Properties, Inc. will post 3.53 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend is Monday, August 17th. Highwoods Properties’s dividend payout ratio (DPR) is presently 131.58%.

Wall Street Analysts Forecast Growth

HIW has been the subject of a number of research analyst reports. Mizuho boosted their price target on Highwoods Properties from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Citigroup lifted their target price on Highwoods Properties from $24.00 to $34.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft downgraded Highwoods Properties from a “buy” rating to a “hold” rating and set a $33.00 target price for the company. in a research note on Wednesday, August 5th. Truist Financial increased their target price on shares of Highwoods Properties from $23.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Finally, Wells Fargo & Company raised their price target on shares of Highwoods Properties from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $31.67.

About Highwoods Properties

Highwoods Properties, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops, leases and manages office properties. The company’s portfolio is primarily focused on Class A office space, with an emphasis on high-quality buildings in key urban and suburban submarkets. Highwoods seeks to generate long-term, recurring revenues through a mix of in-place lease renewals, strategic dispositions and build-to-suit developments. Its asset management platform drives operational efficiencies and tenant service initiatives across its holdings.

Founded in 1970 and headquartered in Raleigh, North Carolina, Highwoods Properties has expanded its presence to eight major metropolitan regions across the Southeastern United States and Texas.